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Motorcycle Advanced Driver Assistance System Market Trends

Report ID: GMI10945
Published Date: Aug 2024
Report Format: PDF

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Motorcycle Advanced Driver Assistance System Market Trends

The motorcycle advanced driver assistance system industry is experiencing dynamic shifts owing to rising investments in vehicle and driver safety by the manufacturers and safety demand by customers. As motorcycle accidents remain a significant concern, there is a growing demand for technologies that enhance safety and reduce accident risks. Features such as blind spot detection, adaptive cruise control (ACC), and collision avoidance systems (CAS) are becoming more prevalent as automakers and authorities place a higher priority on preventing collisions.

This trend is supported by a greater awareness of road safety and a push for improved safety standards in the motorcycle industry. For instance, in February 2024, Honda announced the development of ADAS specifically aimed at enhancing the safety of motorcyclists. This initiative aligns with Honda's broader commitment to achieving zero traffic collision fatalities involving its vehicles, including motorcycles, by 2050.

Another major trend in motorcycle advanced driver assistance system market is the growing use of connectivity elements in motorcycle advanced driver assistance systems. The integration of Vehicle-to-Everything (V2X) communication technologies allow motorbikes to communicate with infrastructure, traffic management systems, and other vehicles. Features like real-time traffic updates and hazard alerts are made possible by this connectivity, which also improves situational awareness.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of motorcycle advanced driver assistance system reached USD 1.7 billion in 2023 and is set to register over 7% CAGR between 2024 and 2032, led by growing regulations regarding vehicle safety and improving vehicle technology.

The LiDAR segment is expected to generate over USD 720 million by 2032, as it aids in the simultaneous identification and tracking of numerous objects by offering a thorough and up-to-date view of the road and surrounding area.

North America market held 33% share in 2023, due to strong demand for ADAS systems, for driver safety as well as improving road safety.

BMW Group, Continental AG, ZF Friedrichafen AG, Garmin Ltd., Robert Bosch GmbH, KTM AG, Hasqvarna, Ducati Motor Holding S.P.A., and Honda Motor Co. Ltd.